The following information applies to the questions displayed below.]

Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, par value $16 per share, 13,300 shares authorized. During the year, the following selected transactions were completed:

a.	Sold and issued 6,600 shares of common stock for cash at $32 per share.
b.	Sold and issued 1,400 shares of common stock for cash at $37 per share.
c.	At year-end, the accounts reflected income of $6,000. No dividends were declared.

24.

Required information

Required:

1. Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)